South Africa’s economic indicators

Those who trade South African currency pairs will be a very minority. It is a highly recommended currency to trade in practice. The required margin is overwhelmingly small compared to other major currencies, so it is highly recommended for practicing trading with a small amount. It is difficult to make a profit because the price range is almost impossible. Here is a list of South African indicators. Pay attention only to the ones that are of high importance.

Wholesale Price Index (Importance: Low)

The Wholesale Price Index (PPI) released by the South African Statistics Bureau is an index that measures price fluctuations of commodities traded between companies at the wholesale stage. It is a material for predicting consumption trends.

South African Institute of Economic Research (BER) Corporate Confidence Index (Importance: Low)

It is an index released by South African Rand Merchant Bank (RMB) and Economic Research Institute (BER). It is an index of the current domestic economic situation, and a high value makes it easier to buy lands.

Consumer Price Index (Importance: Medium)

The Consumer Price Index (CPI) released by the South African Bureau of Statistics is an index that shows changes in the retail price (price) of commodities at the stage when consumers actually purchase them. It is a material for predicting consumption trends.

Retail sales (importance: medium)

The South African Census Bureau conducts a monthly survey of retailers on the retail industry. Higher than expected values are interpreted as buying material for South African Rand, and lower than expected values are interpreted as selling material for South African Rand.

South African Reserve Bank Interest Rate Policy (Importance: High)

The South African Reserve Bank, the central bank of Japan, will hold a meeting to announce changes in the policy interest rate. We will move the market with a very large index.

Trade balance (importance: low)

The trade balance announced by the South African Revenue Agency is the balance of exports and imports of South Africa. A better trade balance is interpreted as a better economic situation in the target country. volume_upcontent_copysharestar_border

Gross Domestic Product (GDP) (Importance: High)

Gross Domestic Product (GDP) announced by the South African Statistics Bureau is the total amount of goods and services produced in South Africa over a period of time. It will move the market as well as the interest rate policy.

Current balance (importance: low)

The current balance of payments released by the South African Revenue Agency is an economic indicator that shows the difference between income and expenditure. It also consists of “trade balance”, “income balance”, “ordinary transfer balance”, and “service balance”.